In a January ruling, a federal district court in Minnesota held that the Bank Secrecy Act
(BSA) allows the Financial Crimes Enforcement Network (FinCEN) to bring suit
against individuals for willfully violating the BSA’s anti-money laundering program
requirement. The decision addresses important aspects of FinCEN’s
enforcement authority in the context of a motion to dismiss brought by Moneygram’s
former Chief Compliance Officer, Thomas Haider. This is something which , particularly those in the financial sector, will want to pay attention. See WilmerHale's client alert for more information.

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